Congress 117 - HR 3009 - Improving Language Access in Mortgage Servicing Act of 2021

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Administrative law and regulatory procedures Advisory bodies Congressional oversight Consumer credit Consumer Financial Protection Bureau Finance and Financial Sector Foreign language and bilingual programs Government information and archives Government studies and investigations Housing finance and home ownership

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Summary

Improving Language Access in Mortgage Servicing Act of 2021

This bill establishes language translation requirements related to residential mortgage applications and servicing.

The Consumer Financial Protection Bureau (CFPB) must create a standard language preference form. Creditors and servicers must provide this form to consumers along with residential mortgage applications and certain notices related to a mortgage loan.

Upon notice of a consumer's language preference, creditors and servicers must provide (1) oral interpretation services; and (2) translated documents, if available.

The CFPB and the Federal Housing Finance Agency must publish translated documents used in association with a residential mortgage.

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Jun 15, 2022

Placed on the Union Calendar, Calendar No. 281.
Jun 15, 2022

Committee on Veterans' Affairs discharged.
Jun 15, 2022

Reported (Amended) by the Committee on Financial Services. H. Rept. 117-370, Part I.
Jul 26, 2021

Referred to the Subcommittee on Economic Opportunity.
May 12, 2021

Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 29 - 24.
May 12, 2021

Committee Consideration and Mark-up Session Held.
May 7, 2021

Referred to the Committee on Financial Services, and in addition to the Committee on Veterans' Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
May 7, 2021

Introduced in House

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